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Equity executive staff shake-up
MaichBlack
#11 Posted : Tuesday, April 13, 2010 4:00:22 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
Indecision is one of the worst vices in business. A shrewd business man realizes what has to be done TODAY and does it. This is despite what he thought yesterday or how it makes him look.

As someone pointed out, a business is not a charitable organization. If you are not contributing to the bottom line (and it doesn't seem like you'll do so in the 'near' future) you've got to go.

Employees leaving a company due to re-organization is not neccessarily a bad thing. If it was due to wrangles or the fact that the company can't simply afford them (literally) then that's another thing. I still have faith in JM.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Jangwa la Jangili
#12 Posted : Tuesday, April 13, 2010 4:39:40 PM
Rank: Member

Joined: 10/9/2009
Posts: 311
James Mwangi can never be faulted for being indecisive. Yes, he is a megalomaniac that hardly tolerates anyone that demonstrates either independent thinking or, like Dr Gakuru, has a name out there that is not derived directly from a relationship with him. Equity is run by a close knit kitchen cabinet mainly from the old muiganania days that renders organizational hierarchy irrelevant. Dont be surprised to find a middle level manager with much more clout than a director. Big titles for some of the new hires can be nothing more than an ego massage but carrying zero real authority. But the guy is a shrewd business man no doubt and EB may yet have even better days ahead.
Katika Jangwa la Jangili ndipo Pwagu hupata Pwaguzi.
Flagship
#13 Posted : Tuesday, April 13, 2010 8:13:03 PM
Rank: New-farer

Joined: 12/17/2009
Posts: 11
just bcoz gakuru formulated the 'vision 2030' does'nt mean he can get a gd strategy 4 eb. I think most of these mgr's were misplaced. All those with dr b4 their shd go bk 2 the lecture theatre n leave xperience run the show. Jmis just right
VituVingiSana
#14 Posted : Tuesday, April 13, 2010 10:52:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Cut the dead wood... Let JM continue expanding Equity where it makes cash not losses...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Gordon Gekko
#15 Posted : Wednesday, April 14, 2010 7:40:58 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
By the way, I have been waiting for a bank credit for the dividends since 9th. Has anyone received his/hers? I expect a seven digit dividend, hence my extreme interest.
n.b the seven digits include two decimal places
Sober
#16 Posted : Wednesday, April 14, 2010 8:18:06 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
I believe mr. Mwangi is well placed to make decisions in as far as the company is concern. He has all the facts (some of which we will know after the next general elections). He knows something we dont.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Wa_ithaka
#17 Posted : Wednesday, April 14, 2010 11:34:23 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Let me see how Q1 results look like before deciding my next move...
The Governor of Nyeri - 2017
Sober
#18 Posted : Wednesday, April 14, 2010 1:30:27 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
This is one counter that on most cases records an upward trend even with negative news. Yesterday it traded at am average of 16.15 up from monday's 16.00 shares on offer were 3.3million although only 2.2mn were traded.

African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
jikome
#19 Posted : Thursday, April 15, 2010 3:10:47 PM
Rank: Member

Joined: 8/16/2006
Posts: 4
This could have been done differently, it's telling of the style of management and vision that the head of the organization has
guru267
#20 Posted : Friday, April 16, 2010 6:12:02 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Sober wrote:
This is one counter that on most cases records an upward trend even with negative news. Yesterday it traded at am average of 16.15 up from monday's 16.00 shares on offer were 3.3million although only 2.2mn were traded



@sober i dont think negative news will change Q1 results hence the price action...
Mark 12:29
Deuteronomy 4:16
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